Automatic Data Processing, Inc. (NASDAQ:ADP) is Bath Savings Trust Co’s 8th Largest Position

Bath Savings Trust Co boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,612 shares of the business services provider’s stock after purchasing an additional 313 shares during the period. Automatic Data Processing comprises 3.1% of Bath Savings Trust Co’s portfolio, making the stock its 8th biggest holding. Bath Savings Trust Co’s holdings in Automatic Data Processing were worth $30,434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after purchasing an additional 4,808 shares in the last quarter. R Squared Ltd purchased a new stake in Automatic Data Processing in the fourth quarter worth about $158,000. Robeco Institutional Asset Management B.V. increased its position in Automatic Data Processing by 5.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 279,327 shares of the business services provider’s stock worth $81,767,000 after buying an additional 14,161 shares in the last quarter. Swedbank AB lifted its position in shares of Automatic Data Processing by 0.6% during the 4th quarter. Swedbank AB now owns 236,457 shares of the business services provider’s stock valued at $69,218,000 after buying an additional 1,521 shares in the last quarter. Finally, Foster & Motley Inc. lifted its position in shares of Automatic Data Processing by 2.6% during the 4th quarter. Foster & Motley Inc. now owns 6,407 shares of the business services provider’s stock valued at $1,876,000 after buying an additional 161 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Christopher D’ambrosio sold 478 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $293.14, for a total transaction of $140,120.92. Following the sale, the vice president now owns 7,364 shares in the company, valued at approximately $2,158,682.96. This represents a 6.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brian L. Michaud sold 1,500 shares of Automatic Data Processing stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $305.38, for a total transaction of $458,070.00. Following the transaction, the vice president now directly owns 12,073 shares of the company’s stock, valued at $3,686,852.74. The trade was a 11.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,451 shares of company stock valued at $743,024 in the last three months. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ADP. TD Securities increased their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a report on Wednesday, May 21st. Stifel Nicolaus increased their price objective on shares of Automatic Data Processing to $305.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Royal Bank of Canada restated a “sector perform” rating and set a $315.00 target price on shares of Automatic Data Processing in a research note on Thursday, May 1st. Jefferies Financial Group increased their price target on Automatic Data Processing from $290.00 to $305.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Finally, UBS Group boosted their price objective on Automatic Data Processing from $318.00 to $324.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $305.64.

Automatic Data Processing Trading Down 0.0%

Shares of Automatic Data Processing stock opened at $324.12 on Friday. The firm has a market cap of $131.57 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 3.62 and a beta of 0.76. The business has a 50-day moving average price of $303.22 and a 200-day moving average price of $301.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.59. Automatic Data Processing, Inc. has a twelve month low of $231.27 and a twelve month high of $327.99.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. The business had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.49 billion. Automatic Data Processing had a return on equity of 80.86% and a net margin of 19.76%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.88 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $1.54 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 1.90%. Automatic Data Processing’s payout ratio is currently 63.05%.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.